The MCX stock increased 5.2% from its previous close of Rs 4,213 to a new 52-week high of Rs 4,433.10.
Praveena Rai was granted approval by SEBI to assume the position of Managing Director and Chief Executive Officer of the Multi Commodity Exchange of India (MCX).
According to an exchange filing, “her appointment is subject to acceptance of the offer made to her and approval from the Shareholders of MCX.”
She joined Procter and Gamble in 1995 as an assistant brand manager after earning her MBA in Business from the Indian Institute of Management, Ahmedabad (IIM-A). For two years, she was employed there. For the next seven years of her life, she worked for two distinct companies. She began her career with Citibank Group in 2004 as a Vice President of Customer Care and rose through the ranks to become Head of Citibank Trade Services. Rai rejoined HSBC for a new position as South Asia head of Product Management, overseeing cash management, payments, and sales for commercial banking, after working there for a total of four and a half years. She spent nine and a half months in HSBC taking on several internal responsibilities.
She then relocated to Kotak Mahindra Bank where she oversaw transaction banking and cash management. eventually spent slightly more than five and a half years of her professional career as the chief operating officer of National Payments Corporation Of India (NPCI).
The MCX stock increased 5.2% from its previous close of Rs 4,213 to a new 52-week high of Rs 4,433.10. Over the past five days, MCX’s shares have increased by over 5%. The last half-year has seen a 15% gain on the stock. Over the previous five years, investors’ worth increased by 420% thanks to firm shares. In contrast, during the last five days, NIfty 50 has increased by 0.6%.
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